This Trade Might Surprise You on Friday!
Back in the action again, just in time for Friday!
Markets were wild today, but that won’t stop us from finding some good setups on Friday…
Emini and Nasdaq are both bullish right now, and there’s one simple clue on tonight’s chart that tells me the (3) three best trades to watch tomorrow…
And what the heck happened with Oil? We’re bearish right now, but there’s one trading pattern I’m watching that might surprise you on Friday…
This volatility is too good to sit on the sidelines right now, don’t miss this video!
E-Mini S&P (ES):
E-Mini Keys to Success:
Emini is bullish with a massive run higher to finish today’s trading session.
It’s safe to assume that buyers won’t be interested in buying way up here, so we expect a deep pullback or a sideways range to develop here.
It’s also wise to watch this next pullback for signs of a reversal. If we start seeing good separation off the 21ema, then we know sellers have taken control and will be looking for a move back down into the range where we began today’ session.
If price pushes higher, last Friday’s close @ 44.25 becomes an obvious bullish objective to finish a wild week.
E-Mini Nasdaq (NQ):
Nasdaq Keys to Success:
Nasdaq is bullish with a large, strong run higher today.
With bulls in control, and such a big move higher, it’s safe to say that buyers will be waiting for a range up here, or a deep pullback off these highs to get more buyers interested.
Sellers will be watching to see if that next pullback turns into a 123-Reversal around the moving-average. If so, a move back to the range near today’s low is highly likely.
Crude Oil Futures (CL):
Crude Oil Keys to Success:
Crude Oil is bearish after a wild session ends with a big run back to the lows.
With bears in control, and such a big move lower, it’s likely we see either a range down here or a deep pullback to get more sellers involved.
Just like the Eminis, if this next pullback starts to pop and grind higher, then we know it’s a reversal and start looking for buying opportunities going back to the highs.